Electric scooters, variously well-known as e-scooters, are plug-in two or three-wheeled vehicles which store electricity in the rechargeable battery. They are eco-friendly and cost-operative and therefore deliver a better alternative to fuelled vehicles. In addition, they are low maintenance and can be utilized comfortably in short distances.
According to the report analysis, ‘Global Electric Scooters Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that MW Motorrad International, Green Energy Motors Corp., KTM AG, Mahindra GenZe. Companies, Gogoro Inc., Terra Motors Corporation, Brammo Inc., All Cell Technologies LLC, Greenwit Technologies Inc., Vmoto Limited, BOXX Corporation, Honda Motor Co. Ltd., Jiangsu Xinri Electric Vehicle Co. Ltd., Gogoro, Inc., and many more are the key companies which presently working in the global electric scooters market more proficiently for leading the highest market growth, registering the great value of market share, obtaining the competitive edge, generating the highest percentage of revenue and keep maintaining the governing position by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of electric scooters, delivering the better customer satisfaction, spreading the awareness connected to the applications and advantages of electric scooters, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such, and establishing the several research and development programs.
The effective growth in demand for fuel-efficient vehicles, coupled with augmenting concerns over greenhouse gas and carbon emissions, is projected to drive the implementation of electric scooters (e-scooters) during the review period.
Factors such as augmenting demand for energy-efficient commuting and governments assisting the electric two-wheelers through subsidies & tax rebates have compelled two-wheeler OEMs to discover beyond the usage of conventional internal combustion engines (ICE) in two-wheelers.
The significant augment in investments by governments across the globe to develop charging infrastructure and incentives proposed to buyers will generate the opportunities for OEMs to enlarge their revenue stream and geographical existence. The electric scooter market in Asia Pacific is anticipated to experience steady growth due to the high requirement for energy-efficient and emission-free electric two-wheelers, while the North American electric scooter market is the fastest increasing market owing to the government initiatives and augmenting the high-performance E-Motorcycle segment.
Not only has this, the Asia-Pacific region is projected to hold for the largest share of the electric scooter market by value as well as volume during the recent past year, followed by Europe, North America, the Middle East & Africa, and Latin America. However, North America is anticipated to observe the fastest growth by value and volume throughout the forecast period. The aspects attributed to the high growth of this region are high growth in sales of electric bicycles in the U.S. throughout the pandemic, growing investments by shared mobility players in electric scooter companies, deducting the prices of batteries in the U.S., and augmenting the initiatives by large two-wheeler companies in the U.S. to launch electric motorcycles.
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Global Electric Scooters Market
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